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hey guys jus need sum help? 1)an obligation of 2500 falls due at the end of 7 yrs. Find an equivalent debt at the end of 3 yrs, if the interest rate is 10% p.a. convertible monthly? This is in the text book..just dunno how to get the answer?? the anwer is 1678.58 2)How long will it take to...

haha,, well its an online quiz?? there arent much examples?? should i buy the texbook for it?? alot of students told me its a waste of money.. well thanx for ur help...!!!!!

haha no i dont..its actually a quiz, thanks alot for ur help !! so its d right answer?..dis subject is hard.!!

hey guys im new to uni, and just a few questions i need help with? 1)an obligation of $1100 falls due at the end of 7 yrs. find an equivalent debt at the end of 5 yrs, if the interest rate is 11% p.a. convertible monthly? 2) a sum of $1600 is deposited today into an account earning interest...